For those eagle-eyed readers out there, you may have realised that I had not posted last week, after making a post on how important it was to be consistent. This was done on purpose, to demonstrate that nothing actually happens if you take a day off once in a while. It is important to take a break every once in a while, but let this be the exception, not the rule.
Speaking of rules, we have yet another British Prime minister. Rishi Sunak is the first every British-Asian prime minister of the UK, but also the first in a while who has received some positive support from the financial markets. The stock market reacts badly when the trust between the people and their investments dwindles due to a lack of robust leadership.
The pound has seen a small but steady incline of its value since the new PM was appointed, although this comes at a time when the dollar has lost some value. It is unclear what the future holds, and the new PM has a lot to overcome in order to see the UK’s economy recover. Not all is positive about Rishi Sunak however, critics point out his immense wealth, which is estimated to be over twice the amount as the King of England. This puts Mr. Sunak out of touch with the rest of the country and many are worrying that this policy changes will disproportionately affect the poor.
So, with the stock market not doing well and the economy shrinking, is it a great idea to start investing the promise of a brighter future where your investments rise in value and later net worth grows? I made a video explaining how the stock market works for absolute beginners and how to get started. Check it out just below:
If you feel like this email newsletter has helped you in anyway, feel free to share so that this information can reach more people 😊
Anyway, next week is another week and another newsletter, keep posted for more snippets.
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